Stocks making the biggest moves premarket: Twitter, Coca-Cola, Warner Bros. Discovery and more

Companies are making headlines in premarket trading.

Coca-Cola's shares rose 1% after the company beat analysts' expectations on top and bottom lines. The beverage giant reported adjusted earnings of 64 cents per share on revenues of $10.5 billion, while analysts expected 58 cents per share on $9.83 billion in revenue.

There are reports that the social media giant is close to a deal with Musk. On Sunday, the company's board reportedly met to discuss a takeover bid from Musk, who has already secured $46.5 billion in financing.

The shares of energy companies fell on Monday as oil prices fell on fears of a global slowdown. Marathon Oil dipped 2.8%, while the other two companies dipped 2.2% and 2.6%.

Deutsche Bank lowered its rating on the stock to a hold. The impact from strikes, rising inflation, and supply chain disruptions were some of the reasons why the bank lowered its rating.

Goldman Sachs lowered its rating on the stock to neutral. The bank said that while it is well positioned for 5G growth, it offers a lower potential return compared to peers.

The gaming stock rose after Morgan Stanley named it a buy. The bank has opportunities in theBarstool Sports andScore businesses.

Warner Bros. Discovery's stock fell 2.5% as investors continued to digest the news that the company would shutter its CNN+ service weeks after its launch.

Deere's stock fell after Bank of America upgraded the stock to neutral. The bank is cautious on the farm economy and agricultural equipment space due to supply chain issues and other macro trends.